An analysis of fundraising, endowment management, and governance/disclosure practices of independent school foundations in New York State.
- A focus on New York state independent schools and their trends and challenges.
- Benefits of using diversified fundraising strategies and having a robust endowment management plan.
- More schools should consider capital campaigns to help grow their endowments.
There are three trends affecting independent schools nationally today: enrollments are flat and declining; there is great pressure to expand programs and facilities; and tuition costs continue to rise, impacting affordability for many families. Thus, schools are operating in a more competitive environment than in past decades. At the same time, fundraising and endowment management have become more critical areas. Fundraising is taking on greater importance as schools expand their development teams and diversify their fundraising strategies to include major gifts, planned giving, and social media. School endowments are of greater importance today as they provide important financial resources annually to a school. Capital campaigns are also becoming more common.
This research study was conducted in 2013 and all data is relevant as of that year, unless otherwise noted. If you have any questions about this study, please do not hesitate to contact the author directly. Please see important disclosures at the end of the article.Download Article